CVS Health Referral Bonus Overview

CVS Health offers a referral bonus program to encourage employees to refer qualified candidates for open positions within the company. This program is applicable across various roles, including tech and product positions, which the company actively seeks to fill. Below is a detailed breakdown of the referral bonus program, with a focus on tech and product roles.

Referral Bonus Structure

Tech and Product Roles

• Software Engineers, Product Managers, Data Scientists:
  • Bonus Amount: Up to $3,000
  • Eligibility: The referred candidate must be hired and remain with CVS Health for a minimum of 90 days.
  • Payment Schedule: The bonus is typically paid out after the referred employee completes their probationary period.

Other Roles

• Non-Tech Roles (e.g., Customer Service, Retail):
  • Bonus Amount: Ranges from $500 to $1,500 depending on the position and level.
  • Eligibility: Similar to tech roles, the referred candidate must complete a 90-day period of employment.
  • Payment Schedule: Paid out after the probationary period.

Program Details

• Eligibility to Refer: All CVS Health employees are eligible to participate in the referral program, provided they are not involved in the hiring decision for the referred candidate.
• Maximum Referrals: Employees can refer multiple candidates, and there is no cap on the total bonus amount an employee can earn through referrals.
• Exclusions: Some roles or departments may have specific exclusions or adjusted bonus amounts, which are communicated internally.

Benefits of Referring

• Enhancing Team Quality: By referring skilled and competent candidates, employees contribute to building stronger, more efficient teams.
• Financial Incentives: Apart from the satisfaction of helping a friend or colleague, employees receive a monetary reward.
• Company Growth: Employee referrals often lead to higher retention rates and more effective hiring, contributing to the overall growth of CVS Health